Retirement plan

FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE EMPLOYEES' MONEY PURCHASE

Name: FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE - FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE EMPLOYEES' MONEY PURCHASE (2023) Form 5500
Creator: FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE EMPLOYEES' MONEY PURCHASE, FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE

FLORIDA AVOCADO ADMINISTRATIVE COMMITTEEEIN 59-0721160Plan #001PY 2023

P O BOX 900188 - HOMESTEAD, FL 33030305-247-0848LinkedIn1-10 employeeshigher education

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$33K

-85.0% from 2022

Total participants

-33.3% from 2022

Average account balance

$16,568

-77.5% from 2022

Annual return

-5.59%

+5.15 pp from 2022

Benchmarks

See 41,854 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,854 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$51K

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$17K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+5.05%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$186K

$186237 / participant

Other / not subdivided$186K100.0%

% of EOY assets

562.038%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,568

$96,643-82.9%

$86,617-80.9%

$139,456-88.1%

Participation rate

100.0%

74.4%+25.6pp

71.7%+28.3pp

80.3%+19.7pp

Annual return

-5.59%

106.57%-112.2pp

591.91%-597.5pp

373.45%-379.0pp

Employer contribution / active EE

$10,586

$3,264+224.3%

$3,023+250.1%

$4,753+122.7%

Participant deferral / active EE

$4,835-100.0%

$4,437-100.0%

$6,711-100.0%

Admin fee / account holder

$93,119

$6,406+1353.6%

$5,613+1559.1%

$11,407+716.3%

FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE EMPLOYEES' MONEY PURCHASE

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE EMPLOYEES' MONEY PURCHASE

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion